Common use of Passage of Time Clause in Contracts

Passage of Time. While the Employee is employed with the Company or its Subsidiaries, the Restrictions on one-third of the Shares will lapse on each of the first three anniversaries of the Grant Date until, on the third anniversary of the Grant Date, 100% of the Shares are no longer subject to the Restrictions.

Appears in 3 contracts

Samples: Abbott Laboratories Restricted Stock Agreement (Abbott Laboratories), Restricted Stock Agreement (AbbVie Inc.), Restricted Stock Agreement (Abbott Laboratories)

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Passage of Time. While the Employee is employed with the Company or its Subsidiaries, the Restrictions on one-third 100% of the Shares will lapse on each of the first three anniversaries of the Grant Date until, on the third anniversary of the Grant Date, 100% of the Shares are no longer subject to the Restrictions.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Abbott Laboratories), Restricted Stock Agreement (AbbVie Inc.)

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